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Top bank executives seek quarantine exemption in attending summit in HK

The Hong Kong Monetary Authority (HKMA) is now in discussion with relevant stakeholders about the appropriate arrangements to facilitate the hosting of a two-day high-level investment summit in early November and ensure a star cast of international executives. Several of Wall Street’s biggest banks have made quarantine-free travel a precondition for senior executives to attend a Hong Kong conference designed to trumpet the financial hub’s revival after years of Covid restrictions battered its reputation. Some banks have told officials that their top executives from the US and Europe will only attend if they are allowed to skip Hong Kong’s current hotel quarantine requirements. The chief executive officers of Morgan Stanley, Goldman Sachs Group Inc., and UBS Group AG, all with major operations in the city, are among those that have been informally invited by HKMA.

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